An Rs.20 lakh home loan, with an interest rate of 6.5% and a repayment tenure of 20 years will cost you a monthly EMI of Rs. 14,911.
Corporation Bank Home Loans Snapshot
|
Eligibility Criteria |
Salaried and Self-Employed |
|
Loan Tenure |
Up to 30 years |
|
Loan Amount |
Based on your repayment capacity |
|
Interest Rate |
Starting at 6.50% |
|
Processing Fees |
0.50% of the loan amount up to a maximum of Rs.15,000 + GST |
|
Prepayment Charges |
Nil |
What are the other eligibility criteria to get a home loan from Corporation Bank?
- You should be at least 18 years old
- Have a stable income
- Repayment capacity determined based on existing debts and liabilities
What are the repayment options available for Corporation Bank home loans?
Corporation Bank home loans are to be repaid in monthly EMIs that is auto-debited from your bank account.
Is there a penalty if I pay off my Corporation Bank of India Bank Home Loan early?
No, pre-closure of your Corporation Bank Home Loan attracts no penalty.
Corporation Bank home loan is a great way to realize your dream of owning or constructing your home. They come with competitive interest rates and long repayment tenures for a comfortable repayment.